IRS Tax Relief in Texas
When you fall behind on your income tax obligations, ignoring the problem will just make things worse. The longer you avoid the issue, the more you’ll owe in penalties, fees, interest, and other charges. The IRS can even put liens on your property and seize your refund!
Many people are surprised to learn that you can include certain IRS debts in a bankruptcy filing. Chapter 7 and Chapter 13 can help with your qualifying unpaid taxes, so long as you filed your returns.
If you are trying to find your way out of crushing debts, DebtStoppers can help your Dallas-FortWorth family. Call or text us today at 469-646-0750 to request a free debt analysis with one of our experienced Texas lawyers.
IRS Tax Laws in Texas
Bankruptcy laws in the state of Texas enable you to wipe out back taxes, as well as most of your other debts. Regardless of whether you file under Chapter 7 or Chapter 13 of the federal statutes, you can receive quick and lasting relief from your unpaid taxes.
Chapter 7 allows you to eliminate your unsecured obligations, including qualifying unpaid tax debt. If you decide that Chapter 13 is the better choice for your family, you can restructure your debts — tax liabilities included — into a 3-to-5-year payment plan. People who choose this route generally end up paying about 10% of what they owe.
No matter which type of bankruptcy works best for your situation, DebtStoppers will guide you through every step of the process. We can help your family move past IRS debts and start pursuing a better life.
Bankruptcy Forms and IRS Liens
Filing for bankruptcy in Texas requires you to fill out and file legal forms with the district court closest to you. Which documents you will need to submit depends on the type you choose to file. Your DebtStoppers lawyer will help you gather the data you need to include in the forms and ensure they are correctly filled out.
Remember though, that while bankruptcy can eliminate your back taxes, pre-existing tax liens will not be eliminated. This means that while discharging your back taxes will keep the IRS from garnishing your paycheck or going after your assets, you’ll still be responsible for any liens that were recorded before you filed. This means that you can’t sell the property until the lien is paid.
Therefore, if you’re falling behind on tax obligations, make sure you file your petition before the IRS can record a lien against any of your property.
Get Debt Relief Through Our Texas Attorneys
When your family is drowning in IRS debt, our skilled Texas lawyers can help you. The professional legal team at DebtStoppers will evaluate your family’s finances and help you decide on the solution that will benefit you the most. Call or text DebtStoppers today at 469-646-0750 to schedule a free case review session with one of our Texas attorneys.
We can help your family move past your tax debt and get on with life! Call or text DebtStoppers today at 469-646-0750 to request a customized tax relief plan for your family.